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SPY 5 Minutes chart

  • 5 Minutes time frame is favoring bulls for now.
  • If bears does not break the cloud bulls will extend gains.
  • If price slips below 130.46 and the trend line shown in first chart bears may take price below the cloud.
Posted by San at 10:55 PM 0 comments

ES Before opening bell

  • ES broke above an important resistance area in hour chart which is 1296.
  • Now if price manages to stay above 1296 things will favor bulls.
  • 1289 will act as support in case 1296 gets broken again.
  • SPX ANALYSIS AFTER CLOSING BELL

Posted by San at 6:29 PM 0 comments

Nifty Futures Intraday update

  • Nifty futures 5 minutes consolidations are giving upper breakouts till now.
  • For this trend to continue the current consolidations too has to give an upper breakout.
  • Closing the day below 5515 will be negative in the short term.
Posted by San at 1:05 PM 0 comments

Nifty Daily Analysis

  • Nifty is trading close to its 50 day moving average. If nifty is able to break and close 50 dma we may see nifty moving towards the 200 day moving average.
  • Nifty Fib levels also shows a similar possibility. If nifty continue to sustain above 23.6% and break the resistance line drawn in the chart, Nifty may target 38.2% level which is near 5620.
  • Nifty getting resisted at 50 Dma will favor bears.
  • CRUDE OIL UPDATE

Posted by San at 8:48 AM 1 comments

S&P 500 Analysis after closing bell

  • SPX is trying to retrace the fall but the resistances for bulls looks strong.
  • Close above 50 day moving average will help the bulls. If price is not able to go above this moving average soon then bears will try to take the price down.
  • Fib level for the rise from 1173 to 1344 too shows resistance at the same level. 23.6% acting as resistance, 38.2% acting as support for now.
  • BIDU TRIANGLE PATTERN

Posted by San at 5:12 AM 0 comments

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